Finance
In Arizona, a 'subject-to' purchase in real estate means:
AThe purchase is subject to a satisfactory inspection
BThe buyer takes title subject to (assumes the payments on but not personal liability for) an existing mortgage✓ Correct
CThe property is subject to an existing lease
DThe sale is subject to lender approval
Explanation
'Subject to' means the buyer takes title with an existing mortgage in place. The buyer makes mortgage payments but does not personally assume the loan. If the buyer defaults, the seller (original borrower) is still liable to the lender.
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